World's Most Expensive City
Revolutionary Love | Makaya Kelday | More from this author
The Atlanta-based consulting firm, The Mercer Group recently released their 2011 list of The World's Most Expensive Cities and for the second year in a row the number one spot belongs to Luanda, Angola.
For those geography-inept readers, this is Angola.
A mix of oil money and no infrastructure means that it can cost over $7,000 to live in Angola's capital. Maybe that'll help us get over the rising rent prices in the Tdot.
The top five cities are the same top five as in 2010. The number two spot was given to Tokyo, Japan, number three to N'Djamena, Chad (African country beside the Sudan, fool!), fourth spot to Moscow and fifth to Geneva. Unfortunately the presence of African cities in the top five is not based on their flourishing economies but on crazy inflation rates that have created ridiculous costs of living. In Chad, 80% of the popultaion live below the poverty line, and with rent prices on par with those of New York City (two-bedroom, approximately $3000), is it a surprise?
Toronto just missed the top 50, showing up at number 59–officially making it Canada's most expensive city.
Check out the entire list here.
Here we are at a not-so-proud number 59.
Lower rent prices all over the world!